posted on 30th Apr 2020 18:42
After receiving all the official approvals, Voith successfully completed the acquisition of ELIN Motoren GmbH on 30 April 2020. “The acquisition of ELIN Motoren is an important strategic step for Voith,” states Dr. Uwe Knotzer, President and CEO of Voith Turbo. “The portfolio of the company is an outstanding addition to our industrial drive solutions and supports our position as a technology-independent supplier of drive systems.”
Voith and Trasys, the former parent company of ELIN Motoren, signed a sales agreement for ELIN Motoren on 20 December 2019. Voith Groupe becomes 70 % owner of ELIN Motoren GmbH, Ing. Franz Hrachowitz becomes 30 % owner. ELIN Motoren will remain independent as a business and will continue to be active using the established brand. As a result, customers of both Voith and ELIN Motoren will continue to have access to the same sales channels.
ELIN Motoren GmbH has a total of about 1,000 employees and generates a turnover of about 120 million EUR. The company manufactures electric motors and generators in small series, as well as individualised solutions for industrial applications. In this area, the company focuses on electric machines, motors in the low-voltage, medium-voltage but also in high-voltage range, and generators, in particular for wind energy and decentralized energy generation. With its product portfolio, ELIN Motoren serves the target markets wind energy, plastics, tunnels and mining, oil and gas, plant construction, as well as power plants. The company was established in 1892 as F. Pichler Werke/Weiz and in 1908 renamed to ELIN.